Home » Discussion of tax-free status for online movie, music and game trades at stake in Abu Dhabi WTO meeting

Discussion of tax-free status for online movie, music and game trades at stake in Abu Dhabi WTO meeting

by Dubaiforum

In recent years, companies like Netflix and Spotify have enjoyed a tax advantage when it comes to digital media distribution across international borders. This loophole has allowed them to avoid taxes on films, video games, and music that are streamed or downloaded online.

However, the tide may be turning as the global consensus on this issue appears to be shifting. Governments around the world are starting to question the fairness of allowing these digital media giants to escape the same taxes that traditional media companies must pay.

This change could have significant implications for the digital media industry and may lead to a new era of taxation and regulation for online content providers. As the debate continues, it will be important to monitor how different countries and international bodies address this issue and what impact it will have on the future of digital media consumption.

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